Investment Overview

Marcus & Millichap is pleased to offer for sale the Need Space Self Storage portfolio, which includes five self-storage properties across the Greater Memphis metropolitan area. This portfolio includes a total of 2,080 climate-controlled units spanning 262,760 net rentable square feet across the five facilities. The four Mississippi locations are in Desoto County, while the Munford, Tennessee location is in Tipton County; Both counties are experiencing exceptional growth. Each state-of-the-art facility features new 24-hour digital video surveillance, is fully fenced and gated with coded entry and exit, has paved drive aisles, LED lighting and offers a large onsite office for management. The Southaven location is a three-story, Class A facility with excellent visibility from I-55, a major interstate in the state. Southaven’s connectivity to I-55 and I-69 provides easy access to other parts of the region and country. The city is home to the University of Mississippi's Desoto campus and Northwest Mississippi Community College. The immediate trade area has experienced steady population growth over the past decade and significant retail and commercial development, including the Tanger Outlet Mall and other shopping centers. Southaven is the largest suburb of Memphis, with a population of roughly 60,000, and is rapidly expanding within the Memphis metropolitan area. The two Olive Branch locations benefit from proximity to major transportation hubs, including Memphis International Airport (MEM), I-55, and I-78. I-78 plays a critical role in Olive Branch's economic and logistical development, providing direct connections to Memphis and Jackson. Companies such as Amazon, FedEx, Nissan, Toyota, and Airbus have established facilities in the area. The population of Olive Branch has grown 34.6 percent since 2013, making it the fastest-growing cities in Desoto County and a center of significant job growth. The Hernando location offers excellent visibility from McIngvale Road and Monteith Avenue, centrally situated with easy access to local government offices, retail establishments, and other community hubs that generate high foot traffic. Located along the I-55 corridor, Hernando provides convenient access to major markets and transportation hubs. As the county seat of Desoto County, Hernando has experienced population growth of ~25 percent in recent years, offering a high quality of life with low crime rates and strong school systems. The Munford location is situated on a 6.74-acre parcel in the heart of town along Tabb Drive, known for its well-maintained homes, landscaping, and residential appeal. This location is close to grocery stores, medical facilities, retail shops, and entertainment options. Recognized for its quality public schools and recreational amenities, Munford is a great place to raise a family, facilitating the growth in the area. It offers easy access to I-40, I-69, and MEM, making it strategically located within the region.